Bracebridge Capital Becomes Largest Spot Bitcoin ETF Holder

Bracebridge Capital, a hedge fund that manages the finances of institutions like Yale University and Princeton University, has emerged as the largest holder of various spot Bitcoin exchange-traded funds , according to a recent 13F filing with the Securities and Exchange Commission.The breakdown of Bracebridge Capital’s holdings reveals a large stake in Ark Invest’s ARKB, with 4,327,380 shares, alongside 2,486,750 in BlackRock’s IBIT and 419,910 in Grayscale’s GBTC.

The new high water mark for bitcoin ETF holdings has arrived. Boston-based Bracebridge Capital has reported owning $262m ofBloomberg ETF analyst Eric Balchunas highlighted Bracebridge Capital’s dominant position, particularly in Ark Invest and BlackRock’s Bitcoin ETFs. “The new high water mark for Bitcoin ETF holdings has arrived,” Balchunas stated.from the State of Wisconsin’s Investment Board showed that the entity had bought $99 million worth of BlackRock’s Bitcoin ETF.

Source: Digital Coin News (digitalcoinnews.net)

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